Stories

  • Christian Fund Mulling Alts. Foray

    May 16, 2005

    The approximately $550 million National Christian Foundation in Atlanta plans to make a decision on adding alternatives and REITs to its asset allocation by year-end.

  • Finnish Manager Mulls Variance Swaps Debut

    May 16, 2005

    Finnish hedge fund manager ER Capital is researching the use of equity variance swaps in its volatility fund for next year.

  • Firm Plans Pvt. Equity Launch

    May 16, 2005

    Union Alternative Assets, the alternative investment management arm of German fund manager Union Investment, plans to launch a private equity fund of funds for institutional investors in the third quarter.

  • GLG Adds Equity Derivatives Sellside Chief

    May 16, 2005

    Hedge fund titan GLG Partners has hired Darren Hodges, managing director and head of equity derivatives trading at UBS in London.

  • Hedge Fund Group To Use Ethics Code

    May 16, 2005

    The Managed Funds Association, the main trade group for hedge funds managers, will incorporate parts of the CFA Institute's new asset manager code of ethics into its upcoming sound practices.

  • Insight To Launch Absolute Return Funds

    May 16, 2005

    Insight Investment plans to launch a range of absolute return funds this week to cater to the increasing demand for liability-led investments from institutional investors such as pension funds.

  • Kimmelman Trawls For $1B+ For Private Equity Launch

    May 16, 2005

    Goldman Sachs rainmaker Doug Kimmelman has left the firm to launch a private equity business focused on financing North American energy infrastructure projects and is raising more than $1 billion to seed it.

  • Ohio Hedge Fund Bags AEP Gas Trader

    May 16, 2005

    Alpha Energy Partners has hired American Electric Power natural gas trader Shane Treleven.

  • OppenheimerFunds To Tweak Hedge Fund Series

    May 16, 2005

    OppenheimerFunds is amending the tax structure of its proprietary Oppenheimer Tremont Hedge Fund series to make it appeal more broadly to retirement accounts by issuing 1099s instead of K-1s.

  • "People are a little bit twitchy."

    May 13, 2005

    Jamie Murray, head of marketing at HSBC Republic Investments, on the credit space following the recent downgrade of General Motors.

  • Amex Hires Institutional Sales Head

    May 13, 2005

    American Express Alternative Investments recently hired Christopher Keating from Fidelity Management Trust Company as head of institutional and hedge fund sales, client service and consultant relations.

  • Asset Alliance Plans Further Seeding Activity

    May 13, 2005

    Asset Alliance, with approximately $4 billion under management, is planning to seed and incubate new funds.

  • Cardinal Plans For Global Push

    May 13, 2005

    Cardinal Asset Management, the London- and Dublin-based firm that emerged last year with ambitious plans, is kicking off a marketing push to investors in a wide range of markets, including the Middle East and Asia.

  • Carlson Preps Hybrid Fund

    May 13, 2005

    Carlson Capital, the $4 billion dollar multi-strategy hedge fund firm run by Clint Carlson, is preparing to launch a new fund.

  • Completed Searches Table

    May 13, 2005

  • EagleRock Nabs Pirate Trader

    May 13, 2005

    EagleRock Capital Management, a New York-based event-driven, multi-strategy hedge fund firm, has hired Matthew O'Callahan to work on the firm's credit investment team.

  • French Private Equity Firm Eyes Asia, Middle East

    May 13, 2005

    Access Capital Partners, a Paris-based private equity fund of funds firm with €1 billion under management, is hoping to attract Middle Eastern and Asian investors.

  • Griffin Taps Warburg Eastern Europe Manager

    May 13, 2005

    London- and Gibraltar-based Griffin Capital Management has hired Odeniyaz Japarov as a fund manager focused on Eastern Europe.

  • Harmonic Sees Asset Growth Gain Momentum

    May 13, 2005

    London-based Harmonic Capital Partners is making headway in its plan to grow its assets under management and client base.

  • Harvard Loses Another Senior Official

    May 13, 2005

    David Scudder, the v.p. of trusts at the Harvard Management Company, will resign on July 1 to join Karen Firestone, a former Fidelity Investments fund manager, to launch Aria Asset Management in Boston.

  • HFR, RAB Join Forces For Structured Products

    May 13, 2005

    Fund of funds giant HFR Asset Management has joined forces with RAB Capital to launch structured products.

  • HSBC Fund of Funds Drops Event-Driven Manager

    May 13, 2005

    HSBC's fund of funds arm, HSBC Republic Investments, has dropped an event-driven manager from its HSBC European Absolute fund of funds, reducing its exposure to this strategy to 5% from 8.4%.

  • IAM Cuts Converts Exposure

    May 13, 2005

    London-based fund of funds firm International Asset Management has halved the exposure of its Alternative Investment Strategies (AIS) fund to convertible arbitrage.

  • ING Real Estate Sub Preps Global Funds

    May 13, 2005

    ING Clarion Real Estate Securities, an affiliate of financial giant ING Group, is planning to roll out two global real estate hedge funds next month.

  • Kiwi Super Changes Asset Allocation

    May 13, 2005

    The New Zealand Superannuation Fund has revised its strategic asset allocation and plans to increase its alternatives weighting, including property, to 35% from 20%.

  • Lyster Watson Hires CDK Marketer

    May 13, 2005

    New York-based fund of funds manager and marketing firm Lyster Watson recently hired Andrew Frieman as a managing director of business development.

  • N.J. Manager Dives Into Inflation Mart

    May 13, 2005

    Ashton Analytics, an investment advisory firm in Morristown, N.J., is launching four inflation-focused funds that will each use over-the-counter derivatives.

  • New York Firm Plans Hires

    May 13, 2005

    New York-based Laurus Capital Management is planning to make several hires this year.

  • Potential Searches Table

    May 13, 2005

  • Progressive Looks To Grow U.K. Fund

    May 13, 2005

    Progressive Alternative Investments is seeking investors to grow its first single-manager hedge fund.

  • RMB To Shrink Manager Roster

    May 13, 2005

    RMB MultiManagers, the fund management arm of Rand Merchant Bank, plans to reduce the number of underlying managers in its Global Diversified Fund.

  • Sandelman Assembles Team

    May 13, 2005

    Sandelman Partners, the nascent multi-strategy hedge fund firm run by Jonathan Sandelman, the former president of Bank of America's securities unit, has brought on board some high-profile banking and hedge fund pros.

  • SEC Oversight May Shine Spotlight On Bank Debt

    May 13, 2005

    Hedge funds that invest across the capital structure, including bank debt and public securities, are likely to come under increased scrutiny when the Securities and Exchange Commission requires them to become registered investment advisers next year.

  • Stenham Plans Concentrated Fund of Funds

    May 13, 2005

    Stenham Advisors, a London-based firm with over $1.5 billion under management, is planning to launch a new highly concentrated fund of funds.

  • Updated Searches Table

    May 13, 2005

  • Windy City Startup Seeks Analyst

    May 13, 2005

    Quarry Point Partners, which is run by Roger Gordon, formerly head of global high-yield research at Goldman Sachs, and Barry Schwartz, ex-head of high-yield trading and sales at Banc One Capital Markets, is looking to hire a senior analyst.


 

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